[jjice]

My biased guess: both have inherently little actual value. Some crypto has transactional values, and gold has minor value in production, but those aren't valued in gold speculation prices. They mostly ride on speculation and the fear of a serious economic issue (despite not being a panacea to those situations).

You can say that stocks and bonds don't have value, but the value of publicly traded companies is much more tangible. I can look and see that Apple is generating a profit and at least paying a dividend, and US and municipal bonds are backed by notable entities in our every day lives.

If you think those have no value and we're doomed as a society in the near future, you should be putting your money into food, water, and ammunition instead of gold and crypto.

[lurking15]

> both have inherently little actual value

value is subjective, and most people value gold or bitcoin for their scarcity (an objective truth)

[latchkey]

They have different fundamental values.

Gold is scarce because it is hard to find, and available in very low concentrations (meaning, you have to process a lot of rock to get to it). There is plenty of it on the planet. It cannot be lost forever, unless we send it off the planet.

"The WGC estimates that there are 54,000 tonnes of “below-ground gold reserves” waiting to be mined. These below-ground reserves account for less than 30 percent of what has already been mined."

Bitcoin will only have 21m total, is easy to find and available in as much quantity as you can afford, which has the value of driving the price upwards. If you lose your private key, it is gone forever, making it even more scarce. Millions have been lost already.